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TIRZ Benefits
A Tax Increment Reinvestment Zone (TIRZ) project jumpstarts development to get things moving a bit faster and, ultimately, to generate new tax revenue. The benefits of a TIRZ include:
- building needed public infrastructure in areas lacking sufficient improvement to draw businesses;
- boosting development, which grows property values and long-term property tax collections; and
- lessening the cost of private development by providing reimbursement for qualified public improvements.
Need Help?
For additional information, contact the Data Analysis and Transparency Division via email or at 844-519-5672.
Disclaimer
This information should not be construed as, and is not a substitute for, legal advice.
Property owners and school districts are urged to consult the Attorney General's Economic Development Handbook and their own legal counsel for any questions or interpretations of economic development laws.